SBI has increased the interest rate on deposits!!!
If you use the Fixed Deposit facility of sbi bank, then there is good news for you. Actually sbi bank has given a big gift to the customers by increasing the interest rates offered on this service. sbi bank has increased interest rates on FDs of Rs 2 crore and above. sbi gave information about these new rates uploaded on its website on tuesday i.e. 10th May. These new rates have come into effect from May 10 itself. It is known that earlier the bank had increased its interest rates in january also.
Will get so much interest on so many days
If customers make FD for seven days to 45 days, then interest will be given only at the rate of 3 percent on the maturity deposit. The bank has not made any change on interest in this bracket. However, if the customer makes an FD from 46 days to 149 days, then interest at the rate of 3.5 percent will be given on the maturity deposit. At the same time, according to the new changes, 3.50 percent interest will be given on deposits with maturity of FD from 180 days to 210 days. Apart from this, 3.75 percent interest will be given on deposits with maturity of FD (Fixed Deposit) for a period of more than 211 days and less than one year. It is to be known that interest at the rate of 4 percent will be given on deposits with FD maturity of more than one year and less than two years.
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